Special InTAX: January 2021 Issue 3 | Volume 1

Bureau of Internal Revenue

The Bureau of Internal Revenue (BIR) issued:

Revenue Memorandum Circular (RMC) No. 17-2021, 29 January 2021, to extend the deadline of filing/submission of the following from 31 January 2021 to 28 February 2021:

1. Annual Information Return of Income Taxes Withheld on Compensation and Final Withholding Taxes (BIR Form Nos. 1604-C and 1604-F);
2. 4th Quarterly Alphalist of Payees (QAP); and
3. Annual Alphabetical List of Employees/Payees from Whom Taxes Were Withheld (alphalist). 

The QAP and alphalist are required to be submitted using the new version of the Alphalist Data Entry and Validation Module (Version 7.0) under RMC No. 7-2021. The resubmission of the alphalist that was already submitted prior to the issuance of RMC No. 7-2021 (using the old version of the module) is no longer required.

RMC No. 16-2021, 28 January 2021, to clarify that all employers required to submit an annual Alphabetical List of Employees/Payees based on existing policies are also required to submit a one-time list of recipients of income mentioned under Section 3 of Revenue Regulations (RR) No. 29-2020 relative to income payments exempt from income tax per Republic Act (RA) No. 11494 on or before 31 January 2021 using the prescribed template provided by the RMC.

In addition, the employers are likewise required to submit a quarterly report pertaining to: (a) employees who received retirement benefits exempted from income tax but later re-employed by them or their related parties during the succeeding twelve-month period from retirement; and (b) employees hired during the year 2021. The said quarterly report must be submitted 30 days from the close of all calendar quarters of 2021 following the prescribed template provided in the RMC.

Attached are the full texts of the issuances.

Revenue Memorandum Circular No. 16-2021 Annex A

Revenue Memorandum Circular No. 16-2021 Annex B

Revenue Memorandum Circular No. 16-2021

Revenue Memorandum Circular No. 17-2021